southamerica
Ricardo Salinas, the third wealthiest man in Mexico, has recently reiterated his proposal to use Bitcoin as a reserve asset. Through social media, Salinas defended Bitcoin’s role as an inflation hedge, commenting on a post that described inflation as a hidden tax on fiat money. He advised his followers to purchase Bitcoin to safeguard their wealth. Salinas, whose fortune exceeds $10 billion, is among the growing number of wealthy individuals recognizing Bitcoin’s value as a store of wealth compared to fiat currencies. His endorsement is particularly relevant for regions like Latin America and ...
Invezz
Nu Holdings Ltd (NYSE: NU) saw its revenue climb a whopping 64% in Q1. Still, David Velez – its chief executive is convinced the company has massive room for growth moving forward. Nu Holdings CEO on Q1 earningsThe online bank added 5.5 million customers to hit the 100 million mark in its first quarter. Still, CEO Velez said on CNBC’s “Squawk Box” today: Disruptors in fintech have taken less than 1.0% of the market cap. So, that story is very much in the early beginnings and is a real structural opportunity that exists globally. Nubank ended its recently concluded quarter with $24.3 billion in...
Invezz
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